Financial Performance - Reported net income attributable to common stockholders for Q4 2024 was $50.9 million, a 22.1% increase from $41.7 million in Q4 2023[5] - Achieved Core FFO per diluted share of $0.61 for Q4 2024, up 5.2% from $0.58 in Q4 2023, and $2.40 for the full year 2024, a 4.8% increase from $2.29 in 2023[5] - Produced Cash NOI of $155.5 million for Q4 2024, an 8.6% increase compared to $143.1 million in Q4 2023, and $597.8 million for the full year 2024, an 8.5% increase from $550.9 million in 2023[5] - In Q4 2024, the Company reported total revenue of $199.3 million, an increase of 8.3% from $183.3 million in Q4 2023[30] - Rental income for Q4 2024 was $198.7 million, up 8.8% from $182.6 million in Q4 2023[30] - Net income for Q4 2024 was $52,008,000, an increase of 22% compared to $42,628,000 in Q4 2023[33] - Cash net operating income (NOI) for Q4 2024 reached $155,470,000, up from $143,131,000 in Q4 2023, representing an increase of 8.5%[33] - Funds from operations (FFO) for the year ended December 31, 2024, totaled $458,741,000, a 8.9% increase from $421,317,000 in 2023[36] - Core funds from operations for Q4 2024 were $113,515,000, compared to $108,538,000 in Q4 2023, reflecting a growth of 4.5%[36] - Adjusted EBITDAre for the year ended December 31, 2024, was $557,350,000, an increase of 8.8% from $511,893,000 in 2023[36] - Same Store Cash NOI for the year ended December 31, 2024, was $550,246,000, up from $520,315,000 in 2023, indicating a growth of 5.8%[33] - Total NOI for Q4 2024 was $159,061,000, compared to $146,696,000 in Q4 2023, marking an increase of 8.4%[33] - Cash available for distribution for the year ended December 31, 2024, was $369,814,000, compared to $361,278,000 in 2023, showing a slight increase of 2.0%[36] Asset and Liability Management - As of December 31, 2024, total assets increased to $6.83 billion from $6.28 billion as of December 31, 2023, reflecting a growth of 8.8%[28] - Total liabilities rose to $3.30 billion as of December 31, 2024, compared to $2.84 billion a year earlier, marking an increase of 16.2%[28] - The Company's net debt to annualized run rate adjusted EBITDAre was 5.2x as of December 31, 2024[23] - The Company had liquidity of $623.1 million as of December 31, 2024[23] Leasing and Occupancy - Achieved an occupancy rate of 96.5% across the total portfolio as of December 31, 2024[2] - Commenced Operating Portfolio leases of 2.4 million square feet in Q4 2024, resulting in a Cash Rent Change of 19.4%[16] - Addressed 70.2% of expected 2025 new and renewal leasing, consisting of 9.7 million square feet, achieving a Cash Rent Change of 23.8%[20] - Produced Same Store Cash NOI of $139.2 million for Q4 2024, a 4.4% increase from $133.4 million in Q4 2023[5] Acquisitions and Dispositions - Acquired 15 buildings totaling 2.4 million square feet for $293.7 million in Q4 2024, with a Cash Capitalization Rate of 6.2%[7] - Sold two buildings in Q4 2024 for $29.4 million, totaling 366,599 square feet[15] Financial Reporting and Future Outlook - The Company plans to host a conference call on February 13, 2025, to discuss the quarter's results[24] - A supplemental information package with additional financial details is available on the Company's website[25] - The company reported a loss on impairment of $4,967,000 for the year ended December 31, 2024[33] - Forward-looking statements indicate that actual results may differ due to various risks and uncertainties, emphasizing the importance of cautious interpretation of future projections[68] Definitions and Metrics - The company defines Funds from Operations (FFO) in accordance with NAREIT standards, which excludes gains or losses from sales of depreciable operating property and impairment write-downs[48] - Core FFO excludes amortization of above and below market leases, debt extinguishment expenses, and non-recurring other expenses, providing a clearer view of operational performance[49] - Net operating income (NOI) is defined as rental income minus property expenses, excluding depreciation and amortization, which helps assess the core operations of the properties[53] - Cash NOI is calculated by adjusting NOI for straight-line rent adjustments and amortization of above and below market leases, providing a more accurate measure of cash flow[54] - Run Rate Cash NOI includes adjustments for a full period of acquisitions and dispositions, but does not predict future results, highlighting the variability in performance[55] - The company emphasizes that occupancy rate is a key metric, defined as the percentage of total leasable square footage for which revenue recognition has commenced[57] - The Operating Portfolio includes all stabilized buildings, excluding non-core properties and those held for sale, which is crucial for understanding the company's asset base[58] - The Pipeline includes transactions under consideration that have passed initial screening, indicating potential future growth opportunities[59] - Renewal Leases are defined as leases signed by existing tenants to extend terms for 12 months or more, reflecting tenant retention strategies[60]

Core Insights - The company reported strong financial and operational results for Q4 and the full year 2024, highlighting increased acquisition activity and operational efficiency [2][4][7] Financial Performance - Net income attributable to common stockholders for Q4 2024 was $50.9 million, a 22.1% increase from $41.7 million in Q4 2023 [4][7] - Basic and diluted net income per share for Q4 2024 was $0.28, up 21.7% from $0.23 in Q4 2023 [4][7] - Cash NOI for Q4 2024 was $155.5 million, an 8.6% increase from $143.1 million in Q4 2023 [4][7] - Same Store Cash NOI for Q4 2024 was $139.2 million, a 4.4% increase from $133.4 million in Q4 2023 [4][7] - Adjusted EBITDAre for Q4 2024 was $145.2 million, a 9.0% increase from $133.2 million in Q4 2023 [4][7] - Core FFO for Q4 2024 was $113.5 million, a 4.6% increase from $108.5 million in Q4 2023 [4][7] Acquisition and Disposition Activity - The company acquired 15 buildings for $293.7 million in Q4 2024, with a total square footage of 2.4 million and an occupancy rate of 100% upon acquisition [6][9] - The total acquisition activity for 2024 amounted to 32 buildings and 5.95 million square feet for $682.4 million [9] - The company sold two buildings in Q4 2024 for $29.4 million, totaling 366,599 square feet [10] Leasing Activity - The company commenced leases totaling 2.4 million square feet in Q4 2024, with a Cash Rent Change of 19.4% and a Straight-Line Rent Change of 34.9% [11][12] - For the full year 2024, new leases totaled 2.86 million square feet, with a Cash Rent Change of 22.6% [12] Capital Markets Activity - The company paid off a $50 million fixed-rate senior unsecured note at maturity on October 1, 2024 [14][15] - As of December 31, 2024, the company's Net Debt to Annualized Run Rate Adjusted EBITDAre was 5.2x, with liquidity of $623.1 million [15] Balance Sheet Highlights - Total assets as of December 31, 2024, were $6.83 billion, compared to $6.28 billion as of December 31, 2023 [18] - Total liabilities increased to $3.30 billion from $2.84 billion year-over-year [18]

Core Viewpoint - The article emphasizes the importance of distinguishing valuable information from noise in investment analysis [1]. Group 1 - The phrase "separating the wheat from the chaff" is highlighted as a crucial skill in life and investment [1].

BOSTON, Feb. 3, 2025 /PRNewswire/ -- STAG Industrial, Inc. (the "Company") (NYSE:STAG) today announced it has completed the sale of a building in Nashua, New Hampshire on January 31st for gross proceeds of $67.0 million, representing a Cash Capitalization Rate of 4.9%.The 337,391 square foot building was acquired in 2014 at an 8.2% Cash Capitalization Rate for a purchase price of approximately $11.7 million. The sale resulted in a 20.8% unlevered internal rate of return over the hold period."The significant ...

STAG Industrial Inc. (NYSE: NYSE: STAG ) is an industrial REIT that offers safe monthly dividend payments and the potential for healthy price appreciation. My analysis suggests an expected total return potential in excess of 20% over a 12-month period. The Company hasGSBR Research is focused on locating small-cap stocks which are under covered with strong price appreciation potential. The team at GSBR Research has over 12 years of stock market investing experience. Associated with SA analyst HedgeMixAnalyst ...

BOSTON, Jan. 21, 2025 /PRNewswire/ -- STAG Industrial, Inc. (the "Company") (NYSE: STAG) today announced the tax treatment of its 2024 dividends to holders of its common stock.The tax treatment for the common stock dividend is detailed in the investor relations section on the Company's website and is summarized below. Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment. TAX TREATMENT OF 2024 COMMON DISTRIBUTIONS CUSIP # 8524J 102 Ticker Sy ...

Join iREIT on Alpha today to get the most in-depth research that includes REITs, mREITs, Preferreds, BDCs, MLPs, ETFs, and other income alternatives. 438 testimonials and most are 5 stars. Nothing to lose with our FREE 2-week trial .On January 5, I wrote an article titled "Ready, Set, REIT: Why 2025 Could Be A Breakout Year." As the title gives away, it was about my view that REITs are extremely attractively priced at current levels.Analyst’s Disclosure: I/we have a beneficial long position in the shares of ...

REITs are one of my favorite places to collect dividend income from because it provides a sense of stability while providing a diverse range of exposure to different high quality that wouldn't normally beFinancial analyst by day and a seasoned investor by passion, I've been involved in the world of investing for over 10 years and honed my skills in analyzing lucrative opportunities within the market.I specialize in uncovering strategies to utilize various investment vehicles - seeking out high quality divid ...

Earn dividend income every month.Earning a dividend is one thing, but seeing that dividend hit your account every single month just hits differently. In today's video, I will dive into three stocks that pay monthly dividends.One of those monthly paying stocks is the industrial REIT STAG Industrial (STAG 0.81%). STAG is a play on growth in e-commerce and it helps to know its largest tenant is Amazon.com.Watch this short video to learn more, consider subscribing to the channel, and check out the special offer ...

Roberts Berzins has over a decade of experience in the financial management helping top-tier corporates shape their financial strategies and execute large-scale financings. He has also made significant efforts to institutionalize REIT framework in Latvia to boost the liquidity of pan-Baltic capital markets. Other policy-level work includes the development of national SOE financing guidelines and framework for channeling private capital into affordable housing stock. Roberts is a CFA Charterholder, ESG inves ...